“Part of his administration’s solution to the high price of eggs? More imports. As part of a $1 billion plan to combat the bird flu, the U.S. Department of Agriculture (USDA) announced..that it would seek to expand imports of eggs”
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“A sudden constraint on supply—in this case, the bird flu—has pushed prices higher, and finding alternative suppliers might help ease the pain.
Now, someone in the White House might want to apply that same analysis to Trump’s plan for more tariffs on two of America’s biggest food suppliers.
Trump backed down from his threats to slap 25 percent tariffs on all imports from Canada and Mexico earlier this month, but at the time, he said those tariffs were merely delayed by 30 days.”
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“Canada and Mexico accounted for 28 percent of all imports to the U.S. last year. If the costs of Trump’s tariffs are fully passed down the supply chain, consumers could be facing $225 billion in higher costs, according to an estimate by the American Action Forum (AAF). The energy and manufacturing sectors figure to be the hardest hit, thanks to the deeply integrated North American supply chains for products ranging from crude oil to critical minerals like cobalt and zinc.
Food prices would likely rise too. The U.S. imports more food than ever before, Bloomberg noted this week, and many of those imports come from America’s two neighbors. Mexico is America’s largest source of agricultural imports, according to the USDA. That includes 63 percent of U.S. vegetable imports and 47 percent of U.S. fruit and nut imports. All of that would be affected by the new tariffs.”
“President Donald Trump pledged Thursday to enforce his planned 25 percent tariffs on Canada and Mexico starting March 4, after both were put on pause earlier this month.
“We cannot allow this scourge [of drugs] to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” Trump posted to Truth Social on Thursday morning.
Trump also promised to levy an additional 10 percent tariff on China starting the same date.”
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“Trump has already imposed 10 percent tariffs on China after the leaders were unable to stave off a deadline earlier this month”
“On Sunday, Trump ordered 25 percent tariffs on Canada, demanding that Canadians surrender their sovereignty to become “our Cherished 51st State.” He suspended the tariff order the next day, after Canada announced it was stepping up border security. The Canadian government, of course, was mostly rehashing a border security plan that it had already announced in December 2024.”
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“Trump threatened economic sanctions on Colombia after it refused to take U.S. military flights carrying deportees, then claimed Colombia had backed down when it sent its own military to pick them up. Trump threatened to take back the Panama Canal, and the Trump camp claimed victory when Panama announced that it would let its Belt and Road Initiative economic agreement with China expire.”
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“Trump’s threats to Greenland have alarmed Europe, which can act a lot more independently than U.S. neighbors can. European officials are having a “conversation” about whether to cozy up to China in response to U.S. pressure, The Financial Times reports.
“The European borders are sovereign whether it’s north, south, east and west,” French Foreign Minister Jean-Noël Barrot said on the radio, offering to send the French military to defend Greenland. “Nobody can allow themselves to mess around with our borders.”
While it’s unlikely that the United States will get into a shooting war over Greenland, it seems pointless to alienate an important power bloc that was otherwise eager to cooperate against Russia and willing to play ball against China. And the payoff is unclear. Greenland’s population of 60,000, who largely don’t want to be ruled by either the U.S. or Denmark, have been otherwise happy to host U.S. military bases and mining companies, the main U.S. interests in the island.
The real test is how the Trump administration’s bluster fares against rival great powers of China, Russia, and Iran.”
“Anti-American fever peaked in Canada over the weekend after Trump announced the tariffs were on the way. At a pop-up DJ show in Montreal, a digital sign read “F—K TARIFFS.” On Saturday night in Ottawa, “The Star-Spangled Banner” was booed before the Senators went on to blow out the Minnesota Wild. The jeering continued through the weekend at NHL and NBA games across the country.”
“In exchange for the delay of these tariffs, the Mexican government agreed to send 10,000 national guard troops to its northern border while Trump vowed to stem the flow of American firearms into Mexico. Canada, meanwhile, pledged to implement its 1.3 billion border security plan (which it had already enacted in December). Trump posted on his Truth Social platform that he was “very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured.””
So far, the concessions from Mexico and Canada are: things they were going to do anyways, things you didn’t need a big tariff threat to get, and two-way deals where the U.S. made its own promises. So, rather than successful threats getting important concessions, we had economic disruption, economic fears, and acted like assholes on the world stage with nothing substantial in reward.
“President Donald Trump moved forward Saturday with his plans for tariffs on Canada, Mexico and China, ending a guessing game about how aggressively he would move to penalize America’s three largest trading partners.
The tariffs — as Trump has promised since after his election win — will be 25% duties on Canada and Mexico and 10% on China over issues of fentanyl and illegal migration.”
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“tariffs on crucial energy imports from Canada will be lower, with 10% duties on those products. The carveout was an acknowledgment of US and Canadian energy interdependence.
Trump said the drug and migration issues constituted a national emergency and moved forward on the duties using authority in the 1977 International Emergency Economic Powers Act (IEEPA).”
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“”Tariffs are simply taxes,” wrote Sen. Rand Paul, who is a vocal Trump advocate on other fronts. “Taxing trade will mean less trade and higher prices.”
The Canadian Chamber of Commerce added its own blistering statement that called Trump’s move “profoundly disturbing” and added that it “will have immediate and direct consequences on Canadian and American livelihoods.””
“A study this month by Warwick McKibbin and Marcus Noland of the Peterson Institute for International Economics concluded that the 25% tariffs on Canada and Mexico and 10% tariffs on China “would damage all the economies involved, including the U.S.’’“
For Mexico,’’ the study said, “a 25% tariff would be catastrophic. Moreover, the economic decline caused by the tariff could increase the incentives for Mexican immigrants to cross the border illegally into the U.S. — directly contradicting another Trump administration priority.’’
Cutler, now vice president at the Asia Society Policy Institute, said the extent of the economic damage will depend on how long the tariffs are in effect.
If it’s just a few days, “that’s one thing. If they are in place for weeks onto months, we’re going to see supply chain disruptions, higher costs for U.S. manufacturers, leading to higher prices for U.S. consumers,’’ she said. “It could have macroeconomic impacts. It could affect the stock market. Then internationally it could lead to more tension with our trading partners and make it harder for us to work with
“Take the case of Adam Burgoyne, a man from Montreal who, on the cusp of turning 40, suffered an aneurysm a week ago today. “Had a bit of a health scare last night, but thankfully it wasn’t a heart attack,” he wrote on December 5. “Not sure what it was, though, because once they made sure I wasn’t dying I was thrown out into the waiting room and 6 hours later I said f*ck it and went home. Canadian health care, folks. Best in the world.” He died the next day.”